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A survey of community perceptions of buy now, pay later has uncovered considerable scepticism towards a product loved by those aged between 18 and 30.

This edition of the Update covers: Recent legal and regulatory developments, including the release of APRA's policy and supervision priorities for 2021, the launch of APRA's Cyber Security Strategy 2020 – 2024, Australian regulatory support for the ISDA IBOR Fallbacks Protocol and Supplement, and Australia's renewed focus on sanctions; Two recent Federal Court decisions which support ASIC's position on obligations to comply with ASIC notices and to substantiate any claims for legal professional privilege; The continuing fallout of the Financial Services Royal Commission and the recent case...

“Himino Ryozo has provided analysis of the 97-98 Japanese banking crisis that is clear, concise and compelling. Himino-san examines the causes, consequences and – most importantly – the lessons learnt from a traumatic period in Japanese financial history. He does so with the benefit of a career spent at the forefront of financial policy-making, both in Japan and internationally. It is often said ‘History doesn’t repeat itself, but it often rhymes.’ Many attributes of the Japanese banking crisis have, at their heart, difficult choices, missed opportunities and occasional failings t...

Mortgage Business APRA reverses ADI dividend restriction By Malavika Santhebennur 16 December 2020 The prudential regulator will no longer require banks to retain a minimum level of earnings since the economic outlook has improved, but has warned banks to remain vigilant. In July this year, the Australian Prudential Regulation Authority (APRA) updated its capital management guidance for banks and insurers, which recommended that banks should r...